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Feb 5, 2013
02/13
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cnbc's mandy drury is here with what's moving your money. mandy, a lawsuit against standard & poor's has been filed. what's that about? >> they're suggesting that s&p ignored their own standards to raise mortgage bonds that imploded in the financial crisis. we know the story well. and at the end of the day, it really cost investors billions of dollars and wreaked a lot of havoc. the civil charges by the u.s. attorney general, eric holder, are the first action against a credit rating firm over the crisis, but s&p said it came out with a statement yesterday and said the government suit is entirely without factual or legal merit and it also denied wrongdoing. so we're just going to have to see how this story unfolds from here, chris. >> and what is going on with gas prices? i was in california overing the weekend, a little sticker shock there. but it's certainly not just there. most expensive ever for this time of year. >> ever, ever. the current average is $3.53 a gallon. that is, of course, the average nationwide. that is up 23 cents from a m
cnbc's mandy drury is here with what's moving your money. mandy, a lawsuit against standard & poor's has been filed. what's that about? >> they're suggesting that s&p ignored their own standards to raise mortgage bonds that imploded in the financial crisis. we know the story well. and at the end of the day, it really cost investors billions of dollars and wreaked a lot of havoc. the civil charges by the u.s. attorney general, eric holder, are the first action against a credit...
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Feb 6, 2013
02/13
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mandy drury is here with what's moving your money. good morning, mandy. >> good morning to you, chris. you're absolutely right. from august, no mail on saturday. but packages will continue six days a week, and it's also aimed at saving about $2 billion annually. so all in all, wouldn't you say a good thing. in australia, we've never had saturday mail and it hasn't hurt us. anyway, why is package delivery going to continue? well, it has increased by 14% since 2010, chris. the delivery of letters and other mail, as you can imagine, has been declining with the increasing use of e-mail. also post offices now open on saturdays will remain open on saturdays. and the postmaster general thinks that most americans are going to take this new schedule in stride and be onboard. let's listen in. >> 70% of americans have consistently said that they would support five-day schedule for mail and package delivery given the financial condition of the postal service. >> and also, keep in mind, you know what the post office's biggest problem is, chris? it
mandy drury is here with what's moving your money. good morning, mandy. >> good morning to you, chris. you're absolutely right. from august, no mail on saturday. but packages will continue six days a week, and it's also aimed at saving about $2 billion annually. so all in all, wouldn't you say a good thing. in australia, we've never had saturday mail and it hasn't hurt us. anyway, why is package delivery going to continue? well, it has increased by 14% since 2010, chris. the delivery of...
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Feb 11, 2013
02/13
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cnbc's mandy drury is here with what's moving your money. like a dick tracy watch? >> absolutely. the word is apple is experimenting with designs for a watch-like device that would perform some functions of a smartphone. of course, other companies have introduced various kinds of wearable gage either, you may even have one while you're jogging that measures physical activity, but you have to make that extra leap. it could be quite difficult, because you have to address all kinds of challenges like making the displays more power efficient, and obviously the device would also need to work closely with the iphone as well. >>> all right. only a few more days until valentine's day. cupid is about to give the economy a shot in the arm. >> guess how much the average person is planning to spend this valentine's day? ivities i actually know the answer, but i would have guessed like, what, $50, $60? >> according to big insight, over $130. i was surprised, too. that was on everything, candy, cards, gifts, i don't know, romantic evening out? it is only a slight increase from last year, which
cnbc's mandy drury is here with what's moving your money. like a dick tracy watch? >> absolutely. the word is apple is experimenting with designs for a watch-like device that would perform some functions of a smartphone. of course, other companies have introduced various kinds of wearable gage either, you may even have one while you're jogging that measures physical activity, but you have to make that extra leap. it could be quite difficult, because you have to address all kinds of...
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Feb 15, 2013
02/13
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mandy drury is here. they seem to become united on stopping the tax-free shopping. they want the cash. >> absolutely. critics on both sides of the aisle have introduced legislation that could force retailers to collect sales taxes in order to end the handicappeds on the brick and mortar stores. it would allow taxes on transactions from within the state so long as the online business has more than $1 million in annual domestic sales. on the flipside, as you can imagine, some tech companies have spoken out and argued that an online sales tax like that would stunt the growth of online retail and some republicans have even said it's basically a tax increase. we'll have to see how it goes and it's quite significant for stocks like amazon. >> and speaking of shopping, that iconic blue box from tiffany's, tiffany's suing costco because of knock-often gaugeme off engagement rings? >> yes. not just recently but apparently for many years. the lawsuit will seek exactly how many rings costco sold and the source of the jewelry and they are seeking damages. a very interesting cas
mandy drury is here. they seem to become united on stopping the tax-free shopping. they want the cash. >> absolutely. critics on both sides of the aisle have introduced legislation that could force retailers to collect sales taxes in order to end the handicappeds on the brick and mortar stores. it would allow taxes on transactions from within the state so long as the online business has more than $1 million in annual domestic sales. on the flipside, as you can imagine, some tech companies...
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Feb 7, 2013
02/13
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mandy drury is here with what's moving your money. cnbc reporting this, a deal between american and us airways pretty close to being done. >> that's absolutely right, chris. and as american airlines and us airways, which by the way is the parent close to reaching a merger agreement in a deal that would create the world's largest airline which is possibly going to be an announcement of the deal in the next couple of weeks. now, the talk here is, chris, that an all stock deal between those two air carriers would be executed as a reorganization plan that takes amr out of chapter 11 bankruptcy protection and the combined company would be worth apparently more than $10 billion. so as we say, we could be getting that finalization of an announcement in the next couple of weeks. we'll have to watch out. >> is another story i know you've been watching, "jansing & co." meets at 5:30 in the morning. i'm going to say we're not always completely awake, but people's eyes bugged open this morning when we heard about this milestone for apple itunes.
mandy drury is here with what's moving your money. cnbc reporting this, a deal between american and us airways pretty close to being done. >> that's absolutely right, chris. and as american airlines and us airways, which by the way is the parent close to reaching a merger agreement in a deal that would create the world's largest airline which is possibly going to be an announcement of the deal in the next couple of weeks. now, the talk here is, chris, that an all stock deal between those...
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Feb 4, 2013
02/13
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mandy drury is here with what's moving your money. they're tallying up the numbers but looks like a big windfall. >> this city has obviously been really hoping for a big economic boost from the super bowl although the power outage may not help its reputation going forward. nonetheless, tallying up the numbers, we're not completely tallied up yet, but over 150,000 people were expected to have visited the city with hotel revenue up 100%, all in an estimated $432 million boost plus of course all the parties and events and all the things surrounding the super bowl as well. if indeed that is the amount that it comes to, it is $100 million more than the indianapolis super bowl, that indianapolis netted last year. it is nonetheless, less than the estimated $600 million that the dallas area drew back in 2011. but you know what, they could do with an economic boost, right? >> absolutely right. that's a lot of wings. thanks a lot. >>> after catching some flack for her national anthem performance at president obama's inauguration, beyonce certai
mandy drury is here with what's moving your money. they're tallying up the numbers but looks like a big windfall. >> this city has obviously been really hoping for a big economic boost from the super bowl although the power outage may not help its reputation going forward. nonetheless, tallying up the numbers, we're not completely tallied up yet, but over 150,000 people were expected to have visited the city with hotel revenue up 100%, all in an estimated $432 million boost plus of course...
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Feb 7, 2013
02/13
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i'm andrew ross sorkin along with mandy drury today and scott wapner. becky quick and joe kernen are off. they're going to join us live tomorrow for a special broadcast from pebble beach. they have some pretty cool guests themselves tomorrow. you don't want to miss that. >> did you draw the short straw or the long straw by not going? >> that's good. i don't play golf. so i don't think becky plays golf, either, so we'll see. we're all rooting for joe, who is playing. we hope he makes the cut. >> okay. we're rooting for joe. >> we all have to root for joe. i don't know if becky carries the bag or if she drives the cart. i don't know how it works. she's not going to like that comment, but we do love both of them, of course. our guest host this hour, chief equity strategy phil orlando and ben white of morning money fame. let's talk about the headlines this morning. a story in the "new york times" today looks at documents filed in federal court this week that relate to jpmorgan. the document suggests when an outside analysis uncovered serious flaws with thou
i'm andrew ross sorkin along with mandy drury today and scott wapner. becky quick and joe kernen are off. they're going to join us live tomorrow for a special broadcast from pebble beach. they have some pretty cool guests themselves tomorrow. you don't want to miss that. >> did you draw the short straw or the long straw by not going? >> that's good. i don't play golf. so i don't think becky plays golf, either, so we'll see. we're all rooting for joe, who is playing. we hope he makes...
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Feb 25, 2013
02/13
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i'm mandy drury sitting in for melissa lee. "mad money" with jim cramer starts right now. go out of business. he's nuts! they're nuts. they know nothing. i like to say there's a bull market somewhere. "mad money" you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you money. my job is not just the entertain, but teen how you think things can happen. call me at 1-800-743-cnbc. look, we learned something vital about the stock market this very morning. something we have to remember always. even as ultimately the averages got completely pole axed by the end of the day. the dow sinking 268 points. the s&p giving up 1.83%. and nasdaq declining, it was the worst day around here in three months. but what did we learn about this morning? because that's what i want to focus on. well, we learned there's always a better time to sell than into the teeth of a sell-off. like the sell-off we had last week or the one we had toward the closing bell. when the dow fell an astounding 150 points on
i'm mandy drury sitting in for melissa lee. "mad money" with jim cramer starts right now. go out of business. he's nuts! they're nuts. they know nothing. i like to say there's a bull market somewhere. "mad money" you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you money. my job is not just the entertain, but teen how you think things can happen. call me at...
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Feb 1, 2013
02/13
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>>> i'm mandy drury with your cnbc market wrap. the dow jumped by 149 points closing above 14,000 for the first time since 2007. the s&p added 15 points and the nasdaq gained 37. 157,000 new jobs were created last month with the unemployment rate ticking up to 7.9%. the numbers were slightly weaker than estimates but investors were conferred by upward revisions to november and december's numbers. more positive data on consumer sentiment, manufacturing, and construction spending also helped to push stocks higher. that is it from cnbc, first in business worldwide. have a great weekend, everybody. now it's back over to "hardball." ♪ >>> welcome back to "hardball." we're seeing a trend i'd say. republican men behaving badly. in fact, they're talking exactly the way they did in the four years leading up to their 2012 election disaster. apparently losing a presidential election senate house seats hasn't dissuaded some republicans from putting their worst feet forward. take chuck hagel's confirmation hearing. some of which we've been ta
>>> i'm mandy drury with your cnbc market wrap. the dow jumped by 149 points closing above 14,000 for the first time since 2007. the s&p added 15 points and the nasdaq gained 37. 157,000 new jobs were created last month with the unemployment rate ticking up to 7.9%. the numbers were slightly weaker than estimates but investors were conferred by upward revisions to november and december's numbers. more positive data on consumer sentiment, manufacturing, and construction spending...